Downing Street Says » Capital Spending

» Tuesday, December 4, 2012

Capital Spending

Questioned on proposals for increased capital spending, the PMS said that the Chancellor would set out details in the Autumn Statement the following day, but the Government was going to commit 5bn of capital investment to help Britain in the global race. The investment would be funded in part by decreasing some departmental resources; many departments were already over-achieving on savings and the Government wanted some to seek further efficiencies. Commitments on spending in certain areas would remain in place and planned investment would be concentrated on transport, skills, science and schools. More detail would be provided by the Chancellor in his Autumn Statement.

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